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Basic Savings Account

Basic Savings Account

Access fundamental banking services with minimal expenses. Enjoy hassle-free banking at your convenience.

What Basic Savings Account offers you:

Ease of opening an account with an initial deposit of just RM20.

Minimum balance to be maintained at any one time is RM20.

Interest is calculated daily and credited half yearly as at 30 June and 31 December every year.

Easy access to your account through any Public Bank branches, ATM and Public Bank Online / Mobile Banking services.

Other FREE services offered:

  • Cheques and cash / coin* deposits via deposit machines.
  • Account enquiries and fund transfers within the Bank via ATM and Public Bank Online / Mobile Banking services.
  • Bill payments via Public Bank Online / Mobile Banking services.
  • Cash withdrawal within the Bank via Over-the-Counter (OTC) and ATM.

* Available at selected branches.

Basic Savings Account

Features Basic Savings Account
Eligibility
  • Malaysian citizens and permanent residents:
    • Personal Account
    • Joint Account
    • Minors below the age of 12 require the parents/legal guardians to open 'on behalf' accounts.

  • Non-individual i.e. Micro enterprises incorporated in Malaysia.
Debit Card
  • Debit card will be offered to account holder 12 years old and above and micro enterprises.

Basic Savings Account is protected by PIDM up to RM250,000 for each depositor.